Thai Inventory Market Rises Amid Political Stability and Curiosity Fee Maintain, Closes at 1,337.83 Factors

InfoQuest Information Company (21 Aug ’24)

SET closed right now at 1,337.83 factors, a rise of 9.71 factors (+0.73%), buying and selling worth 41,315.66 million baht Displaying that the Thai inventory market right now rose higher than the remainder of the area. Primarily, there may be nonetheless help for home politics to ease, anticipating financial stimulus measures to be introduced rapidly Relating to the outcomes of the MPC assembly, rates of interest had been held as anticipated, supporting financial institution shares. Tomorrow’s pattern is anticipated to proceed upwards after closing above 1,332 factors, offering help at 1,330-1,332 factors and resistance at 1,345 factors.

SET closed right now at 1,337.83 factors, a rise of 9.71 factors (+0.73%), buying and selling worth 41,315.66 million baht.

Inventory buying and selling right now The index outperformed the area. The very best level was 1,339.61 factors and the bottom was 1,327.12 factors.

By way of securities, right now’s change elevated by 344 securities, decreased by 150 securities and remained unchanged by 166 securities.

Mr. Weerawat Wirojphoka, Senior Director of the Securities Evaluation Division of Funding Advisory Securities Firm (BPO) FSS Worldwide Firm Restricted stated that the Thai inventory market rose higher right now than the Asian inventory market. This was supported by the choice of home politics, giving buyers hope for measures to stimulate the economic system within the subsequent interval after the appointment of a brand new prime minister. In the meantime, the outcomes of the Financial Coverage Committee (MPC) assembly voted unanimously 6 to 1 to take care of the coverage rate of interest at 2.50% each year, as anticipated by the market. This has a optimistic impact on business banking shares.

Tomorrow’s market traits Nonetheless capable of get better after closing over 1,332 factors, supporting a extra optimistic view We anticipate the SET within the medium time period to have an opportunity of rising to 1,360-1,380 factors. We advocate following the discharge of the data of the Federal Reserve (Fed ) a gathering tonight and Mr. Fed Chairman Jerome Powell at a gathering in Jackson Gap Wyoming this Friday (August 23) to search for indicators indicating the probability that the Fed will minimize rates of interest.

The help is 1,330-1,332 factors and the resistance is 1,345 factors.

As for the securities with the best buying and selling worth, 5 securities

BDMS buying and selling worth 2,339.66 million baht, closed at 28.00 baht, a rise of 0.75 baht.

GULF buying and selling worth 1,817.93 million baht, closed at 49.75 baht, a rise of 1.25 baht.

CPALL buying and selling worth 1,695.28 million baht, closed at 59.25 baht, a rise of 0.25 baht.

AOT buying and selling worth 1,456.92 million baht, closed at 59.25 baht, a rise of 1.00 baht.

EA buying and selling worth 1,392.09 million baht, closed at 5.95 baht, a rise of 0.85 baht.

By Phacharathorn Phumikham/Sasithorn Simaporn